Bitcoin (BTC) remained above $23000 on Friday, and traders waited for the Federal Open Market Committee to determine the interest rate next week, and its decision makers were likely to abandon the hint of when their hiking trip would end.

The digital currency with the largest total market value recently changed hands with US $23100, up 0.1% on the same day.

Bitcoin ushered in a strong opening in 2023. Since the New Year's Eve, the Bitcoin market has soared by more than 40%. BTC has exceeded US $23000 for the first time since 2022, about a week ago, and finally managed to stay there.

"Bitcoin should still be integrated before the decision of the Open Market Federation (FOMC) of the Federal Reserve Conference. If the Federal Reserve Conference persists in its radical oral language, there may be downward pressure," Edward Moya, a high-end market investment analyst at the Oanda Foreign Exchange, wrote in a report on the interest rate setting unit of the Federal Reserve on Friday.

The traditional market also rose slightly, with the S&P 500 index up about 0.3%.

Before the rise of digital currency, the latest personal consumption expenditure (PCE) results showed that inflation slowed down at the end of last year - which is also the target of interest rate increase in the United States. The CME FedWatch special tool at this stage shows that traders feel that the probability of the Federal Open Market Committee raising interest rates by 25 percentage points (0.25%) at the February meeting is about 99%.

With the recent market rebound, Bitcoin and ETH and other top encryption assets have surpassed the stock market this year: Ethereum has risen by about 32%, and the WJB market index has risen by 39%. By comparison, the S&P 500 Index and the Nasdaq Composite Index rose 6% and 10% respectively.

Joel Kruger, market investment analyst at LMAX Digital, a data encryption trading center, said that from a technical point of view, the price of BTC is currently overbought, as shown by the daily relative strength index (RSI), which considers the recent price fluctuation.

According to TradeView, the RSI index was 81.9 on Friday. (A value higher than 70 indicates that the property is overbought.)

Bridge told WJB that the next important friction resistance of BTC is that BTC will rise and fall at US $25200 according to the highest value in August. She does not rule out the "probability that BTC will fall by $10000 in the first half of the year" and the "probability that BTC will rise by more than $50000 in the second half of the year"

"Either way, there is a lot of indoor space," he said. "I just want to know whether there is still a shoe to drop before we finally see the next big push."

According to statistics from Coinglas, as of Friday, the financing interest rate of BTC is about 0.01% at this stage, which indicates that the market mentality focuses on the rise of traders, but "it is still far below the 0.06% level recorded in February or November 2021, when the annual payment rate of traders for long-term bitcoin increased by 80%," said Lucas Outumuro, The head of the exploration of the encryption data and analysis enterprise IntoTheBlock pointed out in a communication on Friday.

Otumoro wrote, "The level of derivative products at this stage shows that the market is positive and optimistic, but at the same time it is not overheated, which may play a special role in the continuous rise."